VENDORS FORM

    Bank Details

    Terms and Conditions

    This particular document is an electronic record under the Information Technology Act of 2000 and its rules and the revised provisions in different statutes relevant to electronic records as changed by the Information Technology Act of 2000. It has been incorporated into the Vendor Agreement by reference (defined below).
    These Terms & Conditions (“Terms”) form part of the Vendor Agreement (“Vendor Agreement”) entered into between the Company and the Vendor.

    1. Background:

    The Company will function as the Vendor's service provider for different services related to the sale of the Vendor's Products as agreed in the Vendor Agreement ("Products").

    2. Products:

    No illegal material should be offered for sale by the Vendor.
    No hidden charges should be applied by the Vendor on the product offered.
    The Products that the Vendor offers for sale are either manufactured by the Vendor or sourced/purchased from third-party suppliers/manufacturers ("Suppliers"). The Vendor has produced a no-objection certificate from the owner/manufacturer of the Products in the format provided by the Company and affixed to the Vendor Agreement if the Vendor obtains the products from the supplier.

    3. Ordering, packing, and shipping:

    The Vendor hereby irrevocably confirms that, upon receipt of the Customer's order confirmation in respect of any Product, the Company shall be entitled to, and shall be deemed to have been authorized by the Vendor, to collect the relevant Product(s) from the Vendor to deliver to the Customer on behalf of the Vendor, within 24 hours of the confirmed order being received l, either directly or through its nominees or third-party service providers. The Vendor will package the product and maintain it available for collection using packing material agreed upon by the Company and the Vendor. The Company will provide the materials and collaterals for the outermost package layer.
    The Vendor must ensure that the Company has all necessary authorizations to collect the applicable products from the Vendor.
    Before arranging delivery of the relevant Products to the Customer on behalf of the Vendor as a service provider, the Company may verify the consignment against the confirmed order placed by the relevant Customer, as well as any other Quality Parameters that may be reasonably required or specifically instructed, on behalf of the Vendor as a service provider.
    For the avoidance of dispute, the Parties agree that by doing the quality assessment exercise on behalf of the Vendor of the Products described above, the Company does not assume any liability or obligation for the exercise or any consequences deriving from it.
    The Vendor will face consequences if the delivery is late.

    4. Payment Terms

    Payments have to be made in 3 instalments, on the 1st, 11th & 21st of every month.
    The Company shall generate and provide fortnightly reports to the Vendor of the Products that are being delivered, which shall include details of the orders placed, sale amounts invoiced, sales not delivered, and thus RTO (return to origin), as well as any Customer returns as defined in the R&R Policy (as described below) ("Reports").

    5. Miscellaneous

    The Vendor confirms that the products supplied and all elements connected thereto will not:
    (i) violate any applicable law, rule or regulation (including, but not limited to, laws relating to false or deceptive advertising)
    (ii) be libellous
    (iii) OR violate, misappropriate or infringe upon any intellectual property right or other rights of any third party (including, but not restricted to, trademark rights, contractual rights, copyrights, trade secrets, moral rights, or rights of privacy or publicity).

    If and wherever stated in this Agreement, money amounts refer to INR.

    This Agreement between the Company and the Vendor shall be governed by and construed in accordance with the laws as applicable in India.

    Any disputes will be handled in the competent courts of District and Sessions Courts Ludhiana located at Ferozepur Road, Jila Kacheri Area, Model Gram, Ludhiana, Punjab 141001.